Australian explorer Novo Litio will take its dispute with the vendor of the mineral rights to the Sepeda lithium project to the courts in Portugal, after it failed to reach an agreement with Lusorecursos over the sale of the project.
The company, which on Friday resumed its trading on the ASX, maintains that it has a binding agreement to acquire 100% of the granted licence and exploration licence applications for the Sepeda project and that Lusorecursos is required to seek Ministerial consent for the grant and transfer of the licences.
